| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $9M | $12M | 18.7% | -13.3% |
| Op. Income | $325.0K | -$2M | -$721.0K | 114.2% | 145.1% |
| Gross Margin | 32.6% | 3.9% | 26.5% | 28.7pp | 6.2pp |
| Net Margin | -3.0% | -25.9% | -6.0% | 22.9pp | 3.0pp |
| EPS (Diluted) | $-0.03 | $-0.25 | $-0.08 | 86.5% | 57.3% |
| Free Cash Flow | $2M | $3M | $2M | -20.6% | 19.9% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $3M |
| R&D Expenses | $783.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $5.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $325.0K |
| Interest Income | $0 |
| Interest Expense | $18.0K |
| Other Income/Expenses | -$638.0K |
| INCOME BEFORE TAX | -$313.0K |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$316.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$316.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$316.0K |
| D&A | $0 |
| EBIT | -$295.0K |
| EBITDA | -$295.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$316.0K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$157.0K |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $1.0K |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $21M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $15M |
| Goodwill | $617.0K |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $75M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.0K |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $9M |
| Additional Paid-In Capital | $49M |
| Retained Earnings | -$26M |
| Treasury Stock | -$6.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $75M |
| Total Debt | $8M |
| Net Debt | -$5M |
